Maverick Capital Ltd Lowers stake in Kansas City Southern (KSU)

Kansas City Southern (KSU) : Maverick Capital Ltd reduced its stake in Kansas City Southern by 39.69% during the most recent quarter end. The investment management company now holds a total of 2,297,178 shares of Kansas City Southern which is valued at $222,780,322 after selling 1,511,673 shares in Kansas City Southern , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Kansas City Southern makes up approximately 3.27% of Maverick Capital Ltd’s portfolio.

Other Hedge Funds, Including , Amp Capital Investors Ltd reduced its stake in KSU by selling 27,448 shares or 19.44% in the most recent quarter. The Hedge Fund company now holds 113,773 shares of KSU which is valued at $11,033,706. Kansas City Southern makes up approx 0.07% of Amp Capital Investors Ltd’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in KSU by selling 7,184 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 2,802,756 shares of KSU which is valued at $271,811,277. Kansas City Southern makes up approx 0.04% of Blackrock Institutional Trust Company N.a.’s portfolio. Ruggie Capital Group added KSU to its portfolio by purchasing 195 company shares during the most recent quarter which is valued at $18,911. Kansas City Southern makes up approx 0.02% of Ruggie Capital Group’s portfolio.Shell Asset Management Co boosted its stake in KSU in the latest quarter, The investment management firm added 1,892 additional shares and now holds a total of 7,577 shares of Kansas City Southern which is valued at $722,770. Kansas City Southern makes up approx 0.02% of Shell Asset Management Co’s portfolio.

Kansas City Southern closed down -0.21 points or -0.22% at $96.51 with 9,49,158 shares getting traded on Thursday. Post opening the session at $97.05, the shares hit an intraday low of $95.75 and an intraday high of $97.48 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Kansas City Southern reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $1.03. The company had revenue of $568.50 million for the quarter, compared to analysts expectations of $571.60 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Kansas City Southern. Company shares were Reiterated by UBS on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 111 from a previous price target of $108 .Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 114 from a previous price target of $109 .Kansas City Southern was Initiated by Credit Agricole to “Underperform” on May 19, 2016.

Kansas City Southern (KCS) is a transportation holding company with domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s rail network includes The Kansas City Southern Railway Company (KCSR) which serves a ten-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City Missouri and several key ports along the Gulf of Mexico in Alabama Louisiana Mississippi and Texas; Kansas City Southern de Mexico S.A. de C.V. (KCSM) which serves Mexico’s principal industrial cities and three of its major seaports and Mexrail Inc. (Mexrail) which owns The Texas Mexican Railway Company (Tex-Mex) which connects the operations of KCSR with KCSM.

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